Toyota wants to sell more than 1 million electric cars by 2030

Posted 19 December 2017

Toyota is the latest automaker to announce a significant electrified push for the next decade as the global car market tries to embrace more plug-ins and fuel cells to meet increasingly stringent emissions standards.

Today, 2016’s largest producer of automobiles announced it would introduce at least 10 new electric vehicles by the early 2020s — first in China and then globally. It says it plans to sell at least 5.5 million electrified vehicles by 2030, including 1 million “zero-emissions” vehicles that include full battery electric vehicles and hydrogen fuel cell vehicles.

Not that it’s moving away from hybrids. Toyota said it would electrify its entire lineup by 2025 thanks to more investment in the hybrid system that debuted 20 years ago in the first Prius. Many of the company’s Toyota and Lexus models offer a hybrid equivalent, but all models eventually will have a corresponding gasoline-electric model.

Monday’s announcement follows a move in September with Toyota joining with Mazda and Denso Corporation to form a new company for battery technologies. Toyota may be late to make an “electrify everything” pledge, but it wants to put up a fight to keep its standing as a dominant automaker.